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The pick up in Japan ramps up vaccination efforts is ‘great news’ for retail: EY

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Japan’s vaccination efforts are gaining some momentum now after a slow start, and that’s good news for retailers, said EY’s Nobuko Kobayashi.

“The vaccination, finally, is picking up steam in Japan. Government says that all who wants to be vaccinated can be by October, November,” Kobayashi, Asia-Pacific strategy execution leader at EY, told CNBC’s “Street Signs Asia” on Friday.

Looking ahead, the short-term milestone will be if Japan’s vaccination rollout reaches a level whereby “everyone feels comfortable to go out again,” she said. Kobayashi said the consumption outlook on balance is positive, even taking into consideration concerns about Covid variants like delta.

Following a sluggish…



Source cnbc.com

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